Start your kids off on a system to help them learn to manage their own money.
The Money Tracker Binder is a simple way to keep track of the amount of money in each jar and start the learning process of tracking money habits.
The jar and binder approach is one of the most effective ways to learn about money management.
The faster and easier it is – the better chances of interest and involvement for parent and child in the long run. This requires a system to make it quick and enjoyable.
Teaching kids about money is just one of the dozens of topics worth covering monthly with our children. This requires a system that is easy and adaptable to ingrain great money management habits for the rest of their lives.
The Money Jar Set accompanied with Money Tracker Binder is the simplest way to organize and teach kids about money.
No books, pads, charts, labels, white boards, phone apps, wifi, programs, spreadsheets, or computer required. The more complicated you make it, the less chance they and you will follow it.
Just the jars and a binder, keep it simple.
Start at any age! We started before birth with grandparents contributions. At any age your kids can start by watching you do it or – with supervision – help to drop the coins in the jar.
The Spend Jar helps them learn how to waste and lose money as early as possible so they can avoid it later in life with larger amounts. Remember results may vary lol. Since this usually can only be learned – not taught – keep it fun.
The Save Jar helps them learn to always put some away for that next big purchase in life. Make sure to accompany it with a colour-in Goal Tracker Sheet to keep them motivated.
The Invest Jar helps them learn the 8th wonder of the world – compounding! It may take decades to really appreciate this. But once they do, they’ll be thanking you.
As long as you can keep it in the middle of doing nothing and overdoing it, you’ll keep their interest.
The secret is to keep it fun.
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